Intermediate Representative, Reconciliation

  • Free
  • Published date: August 4, 2022
    • New Hampshire, United States

Company, Team & Role: BNY Mellon’s Pershing has supported many of the world’s most sophisticated and successful financial services firms for more than 80 years. Wealth and institutional firms rely on us for clearing and custody, trading and settlement services, a broad suite of investment solutions, middle and back-office support, data insights, and business consulting. BNY Mellon’s Pershing offers both Wealth Solutions for broker-dealers, registered investment advisors (RIA) and trust company clients, and Institutional Solutions for prime brokers and institutional broker-dealers.

Pershing’s Bank and Depository Balancing department serves as a key control area for the firm and is responsible for reconciling the firm’s bank (check deposit, disbursement, FedWire, ACH, USD & currency) and depository (DTCC, custodian, international local market, Euroclear, security position) accounts. Exciting opportunity for operations professional with banking and/or brokerage experience. SmartStream TLM, mainframe, Excel, SWIFT and BAI solutions employed.


Performing daily reconciliations, deciphering moderately complex exceptions between systems, clients, institutions, etc. for securities and/or cash and foreign currency
Leveraging internal and external technologies (including journal systems, bank portals and DTCC) and reports to research breaks and invoke processing
Communicating moderately complex break reports to either internal groups within the firm or correspondents outside the firm
Monitoring aging and resolution of breaks
Assisting more junior teammates when difficult exceptions are identified
Assisting in daily, weekly and monthly reporting using an understanding of the stock record and knowledge of basic accounting

In this role you will gain general knowledge of the financial services industry, and subject matter expertise in reconciliation. You will build a network of peers within Pershing|BNYM, and gain experience working at a clearing broker-dealer. We’re a creative team seeking an organized and detail-oriented new member who can manage their day independently and is eager to learn and grow.

The successful candidate will demonstrate/possess:

High School/secondary school or the equivalent combination of education and experience is required
Bachelors degree preferred
2-3 years of total work experience preferred
Experience in brokerage and/or banking operations preferred
Experience with the Microsoft Office product suite
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Reference : Intermediate Representative, Reconciliation jobs

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